White House budget director

6 Stories

White House: Jobs Won't Be Back Until 2017

Estimate acknowledges weakness in economy

(Newser) - If you’re waiting for the economy to get back to normal, the White House has a message for you: Don’t hold your breath. The White House budget office released its midyear economic forecast yesterday, and it wasn’t pretty, predicting that unemployment will remain at 9% next year,... More »

Larry Summers Will Leave White House After Midterms

Top adviser joins exodus of economic team

(Newser) - President Obama's top economic adviser plans to leave the administration at the end of the year, the White House said today. Lawrence Summers will leave his post as director of the National Economic Council to return to Harvard University, where he once served as president before being forced out in... More »

Orszag Is a Hot, Sexy Nerd

Like other 'recovering' dweebs, he's now the high school quarterback

(Newser) - Peter Orszag is possessed of a “uniquely pernicious form of roguishness” that Meghan Daum likes to call “recovering-nerd syndrome.” The White House budget director has “long been known around Washington as a ladies man,” even if you don’t believe the rumors that he dumped... More »

Record $1.4T Deficit Imperils Recovery

Gap dwarfs FY2008 figure, spells trouble for new stimulus plans

(Newser) - The federal deficit in the fiscal year that ended Sept. 30 was $1.4 trillion, lower than projected but still a record. At 10% of GDP, the figure is the largest since 1945, when the deficit was 21.5% of GDP. The figure made public today coincides with early rumblings... More »

To Cut Deficit, Rein in Health Costs: Orszag

Budget director makes White House's case for cutting expenses

(Newser) - With the future of Medicare and Social Security in the headlines, the Obama administration is jumping at the chance to push its health care reform agenda. Up today: budget director Peter Orszag. "Slower growth rate in overall health-care spending would help to promote and sustain a slowdown in... More »

Budget Deficit Soars Past $1.8T

(Newser) - The federal budget deficit will surpass $1.8 trillion during the current fiscal year, the Congressional Budget Office said today. The figure far outstrips the previous estimate of $1.2 trillion and spells trouble for President Obama's proposed budget, the Wall Street Journal reports, but the White House budget director... More »

6 Stories